REGISTERED NUMBER: 07642271 (England and Wales)

PIONEER DIGITAL SOLUTIONS LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Statement of Income and Retained Earnings

11

Statement of Financial Position

12

Notes to the Financial Statements

13

DIRECTORS:

C Appleyard

P Critchley

A D Caceres

R Sanchez

REGISTERED OFFICE:

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

REGISTERED NUMBER:

07642271 (England and Wales)

AUDITORS:

Clarke Nicklin LLP

Chartered Accountants and

Statutory Auditors

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

The directors present their strategic report for the year ended 31 August 2025.

Pioneer Digital Solutions Limited specializes in supplying Audio Visual Solutions, Electrical and Infrastructure Services to the QSR (Quick Service Restaurants), Sports Stadia, Ministry of Defence, Corporate, automotive, and NHS sectors.

REVIEW OF BUSINESS

The 2024/2025 financial year represents a consolidation and acceleration phase for Pioneer Digital Solutions, building upon the strong foundations established in YE24. Having invested significantly in sales capability, workforce development, and divisional structure in the prior year, the focus in YE25 is on scalable delivery, margin optimisation, and sustainable growth across both existing and emerging verticals.

The expanded client base secured in YE24 is expected to drive increased repeat business and long term framework opportunities during YE25. Strategic emphasis has shifted toward strengthening operational capacity, improving project execution efficiency, and embedding consistent delivery standards as project volumes increase.

Key strategic priorities for YE25 include:

o Converting new client relationships into long term partners and multi site programmes

o Further strengthening internal capability through targeted recruitment and advanced training

o Enhancing commercial discipline to protect margins amid inflationary pressures

o Leveraging cross division collaboration to offer fully integrated solutions

Despite continued economic uncertainty and cost pressures across the supply chain, the business enters YE25 from a position of strength, supported by a resilient order pipeline and increased diversity of revenue streams.

This forward momentum reflects the company's continued commitment to innovation, customer satisfaction, and disciplined execution. Through regular performance reviews and agile management responses, Pioneer Digital Solutions is well positioned to achieve its strategic objectives for YE25 and beyond.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors acknowledge that the business remains exposed to a range of risks inherent to the sectors it serves. These include:

o Market volatility and economic uncertainty

o Ongoing skills shortages within technical roles

o Supply chain disruption and cost inflation

o Increased competition within core sectors

The directors are confident that the company's existing governance framework, operational controls, and risk management processes remain appropriate and effective. Risks are reviewed regularly, and mitigation strategies are adapted in line with changing market conditions.

FINANCIAL RISK MANAGEMENT

Credit Risk

Credit risk primarily arises from trade receivables. This risk is managed through:

o Ongoing credit assessment of customers

o Proactive monitoring of debtor balances

o Allocation of appropriate credit terms aligned to customer risk profiles

Currency Risk

Foreign exchange exposure arises from the purchase of equipment and specialist components. This risk is mitigated by:

o Fixing supplier pricing at the quotation stage

o Aligning customer pricing structures with confirmed procurement costs

LIQUIDITY RISK

The group maintains a strong focus on liquidity management. Cash flow forecasting is undertaken on a regular basis to ensure sufficient funds are available to meet operational, project delivery, and investment requirements. This disciplined approach is expected to support continued growth throughout YE25.

KEY PERFORMANCE INDICATORS

The following KPIs will be used to measure progress against the company's strategic objectives during YE25:

Financial and Commercial

o Revenue growth driven by repeat and framework clients

o Gross profit margin stabilisation through improved cost control

o Profitability supported by project execution efficiency

People

o Maintain high staff retention through engagement, training, and career development

o Targeted recruitment aligned to delivery demand

Growth

o Expansion within existing sectors and selective entry into adjacent verticals

o Increased cross selling of integrated services across divisions

Sustainability

o Continued reduction in fuel and electricity costs through:

- Route optimisation and fleet efficiency

- Energy efficient facilities and operational practices

2025

2024

£

£

Revenue

12,434

12,055

Profit before tax

925

1,018

Gross profit margin

41%

42%

STATEMENT OF DIRECTORS’ RESPONSIBILITIES

The directors consider that the strategic priorities set out for YE25 align with the long term interests of the company, its employees, customers, and stakeholders.

ON BEHALF OF THE BOARD:

C Appleyard - Director

21 May 2026

The directors present their report with the financial statements of the company for the year ended 31 August 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of electrical equipment installation and maintenance.

DIVIDENDS

The total distribution of dividends in the period ended 31 August 2025 was £494,434 (2024: £425,178).

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2024 to the date of this report.

C Appleyard

P Childerhouse

Other changes in directors holding office are as follows:

P Critchley , A D Caceres and R Sanchez were appointed as directors after 31 August 2025 but prior to the date of this report.

P Childerhouse , M Childerhouse and Mrs N R Gould ceased to be directors after 31 August 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Clarke Nicklin LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C Appleyard - Director

21 May 2026

Opinion

We have audited the financial statements of Pioneer Digital Solutions Limited (the 'company') for the year ended 31 August 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Procedures to identify risks:

-

enquiring of management concerning the company's procedures relating to: identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

-

discussing among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas: timing of recognition of sales and purchases and their related stock movements, posting of unusual journals; and

-

obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included UK Companies Act, employment law, health and safety, pensions legislation and tax legislation.

The procedures to respond to risks identified included:

-

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above;

-

enquiring of management, concerning actual and potential litigation and claims;

-

performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

reviewing correspondence with HMRC;

-

testing the timing and matching of income and expense transactions relating to stock movements either side of the year end; and

-

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulation that are not closely related to events and transactions reflected in the financial statements. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detection one resulting from an error, as fraud may involve deliberate concealment, by for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Kerry Burr FCA (Senior Statutory Auditor)

for and on behalf of Clarke Nicklin LLP

Chartered Accountants and

Statutory Auditors

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

21 May 2026

TURNOVER

12,434,646

12,055,793

Cost of sales

7,341,116

6,953,631

GROSS PROFIT

5,093,530

5,102,162

Administrative expenses

4,166,602

4,089,724

926,928

1,012,438

Other operating income

-

6,810

OPERATING PROFIT

4

926,928

1,019,248

Interest payable and similar expenses

5

1,857

1,387

PROFIT BEFORE TAXATION

925,071

1,017,861

Tax on profit

6

237,302

263,437

PROFIT FOR THE FINANCIAL YEAR

687,769

754,424

Retained earnings at beginning of year

3,365,368

3,036,122

Dividends

7

(494,434

)

(425,178

)

RETAINED EARNINGS AT END OF YEAR

3,558,703

3,365,368

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

141,942

282,133

141,942

282,133

CURRENT ASSETS

Stocks

10

385,030

347,652

Debtors

11

5,495,661

4,803,527

Cash at bank

384,683

709,168

6,265,374

5,860,347

CREDITORS

Amounts falling due within one year

12

2,802,732

2,689,269

NET CURRENT ASSETS

3,462,642

3,171,078

TOTAL ASSETS LESS CURRENT LIABILITIES

3,604,584

3,453,211

CREDITORS

Amounts falling due after more than one year

13

(13,892

)

(21,504

)

PROVISIONS FOR LIABILITIES

16

(31,767

)

(66,117

)

NET ASSETS

3,558,925

3,365,590

CAPITAL AND RESERVES

Called up share capital

17

222

222

Retained earnings

18

3,558,703

3,365,368

SHAREHOLDERS' FUNDS

3,558,925

3,365,590

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

C Appleyard - Director

1.	STATUTORY INFORMATION

Pioneer Digital Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard Applicable in the UK and Republic of Ireland" ("FRS 102") and applicable legislation as set out in the Companies Act 2006 and Schedule 1 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008. These financial statements have been prepared under the historical costs convention.

The financial statements are presented in Sterling (£).

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the comapny's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

Amortisation and depreciation of assets

The company amortises and depreciates its intangible and tangible assets over their estimated useful lives. The estimation of the useful lives of assets is based on historic experience as well as expectations about future use and therefore requires estimates and assumptions to be applied by the directors. The actual lives of these assets can vary depending on a variety of factors, including technological innovation, product life cycles and maintenance programmes.

Stock provisioning

The company's activities are subject to changing consumer demands and industry trends. As a result, it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. When calculating the stock provision, management considers the nature and condition of the stock as well as applying assumptions around anticipated saleability of goods and future usage of raw materials.

Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Turnover

Turnover comprises revenue from the provision of digital, electrical and data solutions, including the supply of related products and associated services, in the ordinary course of business. Revenue is measured at the fair value of the consideration received or receivable, net of trade discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised on dispatch, when control and the significant risks and rewards of ownership pass to the customer. Revenue from services is recognised as the services are provided in accordance with the terms of the contract.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets

Basic financial assets, including trade debtors, cash and bank balances and amounts owed by group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

If there is a decrease in the the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the income statement.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade creditors and amounts owed to group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,514,359

2,356,576

Other pension costs

290,509

267,598

2,804,868

2,624,174

The average number of employees during the year was as follows:

2025

2024

Admin

19

21

Management

20

19

Engineers

30

25

69

65

2025

2024

£

£

Directors' remuneration

33,587

33,587

Directors' pension contributions to money purchase schemes

170,175

150,175

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

4

4

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

55,185

69,522

Depreciation - assets on hire purchase contracts

10,411

11,750

Loss on disposal of fixed assets

1,443

-

Auditors' remuneration

30,000

22,800

Stock provision movement

(27,056

)

-

Debtor provision movement

(80,026

)

(3,140

)

Lease payments recognised as an expense

94,136

90,307

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Hire purchase

1,857

1,387

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

271,652

265,081

Deferred tax

(34,350

)

(1,644

)

Tax on profit

237,302

263,437

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

925,071

1,017,861

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

231,268

254,465

Effects of:

Expenses not deductible for tax purposes

10,563

8,972

Capital allowances in excess of depreciation

(2,747

)

-

Utilisation of tax losses

(1,782

)

-

Total tax charge

237,302

263,437

7.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

494,434

425,178

8.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 September 2024

and 31 August 2025

28,977

AMORTISATION

At 1 September 2024

and 31 August 2025

28,977

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

55,709

117,420

533,447

98,541

805,117

Additions

-

496

-

14,152

14,648

Disposals

(3,109

)

-

(379,628

)

(39,164

)

(421,901

)

At 31 August 2025

52,600

117,916

153,819

73,529

397,864

DEPRECIATION

At 1 September 2024

49,894

82,130

337,500

53,460

522,984

Charge for year

1,315

8,847

43,447

11,987

65,596

Eliminated on disposal

(2,556

)

-

(297,823

)

(32,279

)

(332,658

)

At 31 August 2025

48,653

90,977

83,124

33,168

255,922

NET BOOK VALUE

At 31 August 2025

3,947

26,939

70,695

40,361

141,942

At 31 August 2024

5,815

35,290

195,947

45,081

282,133

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

59,290

DEPRECIATION

At 1 September 2024

17,647

Charge for year

10,411

At 31 August 2025

28,058

NET BOOK VALUE

At 31 August 2025

31,232

At 31 August 2024

41,643

10.

STOCKS

2025

2024

£

£

Raw material

385,030

347,652

Stock provision at the year end were £27,056 (2024: £Nil).